As a general rule of thumb if the property has a ground level commercial requirement in order to show sufficient hardship to seek a residential use change the property should be located in a location that is not conducive to commercial use i.e residential street, close but not as marketable as properties located on neighborhood's primary commercial corridor etc. 

@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.

. - Full-Time Focus: Related, Sponsor works on the deal or a small, closely related subset of deals full time.

I, like all other investors, will be tracking this closely and if there is any evidence that Norada did anything underhanded, I will be aggressively pursuing them as anyone would. 

If the numbers are close than you are in the ball park.

Negotiations focused on highlighting the quick closing capabilities of Partner Driven, securing a competitive price of $605,000 and ensuring the deal’s success despite the highly competitive market.

I would only cut trees that are so close to the foundation that the roots may push on it over time.

@Danny Lyu  If you're getting 10% down on that loan product, I would definitely do that and just close in your personal name. 

Wrapping up renovations on one side of my first duplex and I closed in July.

On the flip side, the MM may be able to negotiate a much higher price for the land than you could on your own (and close quicker).